White Papers January 01, 2014

E-COMMERCE FRAUD TRENDS 2014: SECURING THE ONLINE SHOPPING CART

The U.S payment card industry is undergoing a transformation. With the looming upgrade to the EMV standard, it is expected that the U.S. will experience a significant increase in card-not-present (CNP) fraud as have most other countries that have embraced it. According to leading research firm Aite Group, CNP fraud will account for about $2.9 billion in fraud losses to U.S. issuers this year. However, by 2018 when about 98% of payment cards in the U.S. will be enabled with the EMV capability, that number is expected to more than double to $6.4 billion in losses. That’s in the future. But what are we seeing today? RSA has gathered insight from the billions of e-commerce transactions we secure each year, and here are some of the trends we are seeing in 2014

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